Market Remains Well Positioned

Saudi Arabia's automotive sector is showing signs of weathering the economic storm that hit the global economy in the latter half of 2008 and which continued to wreak havoc throughout the first half of this year. While the fundamentals are still weaker than in previous years, there is gradually increasing confidence that the worst is over for the kingdom's auto sector and that things could start to improve. Nevertheless, structural difficulties still remain despite this growing confidence.

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